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Militant extremist who killed two people in the french city of strasbourg. And, any progress on the horizon . The eu circulates draft proposals intended to address uk concerns about the Northern Ireland backstop. Sterling rollercoaster. The pound bounces back from a 20 month low as theresa may survives, but its gains could prove to be short lived. A very warm welcome to the programme, we are live from westminster. Parliament mps, politicians, the conservative party are trying to digest and come to terms of what has happened in the last people hours. We are going to brief you on all you need to know in global news, business and sport. And wed love you to be part of the conversation. Tell us what you think about the stories were covering. You know what to do. Just use the hashtag, bbcthebriefing. Well, it is a new day. Theresa may is saying she will get on with the job of securing britains withdrawal from the European Union, that after winning a vote of confidence in her leadership. The
New-yorkUnited-statesGlasgowGlasgow-cityUnited-kingdomMilanLombardiaItalyPhilippinesLisbonLisboaPortugal but many forecasters had been banking on a more significant drop than this. so where does that leave the bank of england and its 5.25% interest rate? there had been an expectation that the bank s policymakers could reduce the cost of borrowing injune, but many forecasters now think it could be later in the summer. the uk s central bank has a similar dilemma to its us counterpart, where inflation is at 3.5% after last week s unexpected jump. and that stubbornness is why there s a growing wariness of cutting the cost of borrowing too soon. that was a point that was emphasised by the world s most powerful central banker, the head of the us federal reservejerome powell, during a speech in washington. we ve said at the fomc that we will need greater confidence that inflation is moving sustainably towards 2% before it would be appropriate to ease policy. we took that cautious approach and sought that greater confidence so as not to overreact to the string of low inflation readings
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